A delegation from the Turkish Businessmen Foundation (KID) is planning to visit Rwanda from December 4 to 9 to assess business opportunities in the energy, construction , agriculture, metal, mining and legal services sectors.
A delegation of 10 members of the Turkish College Businessmen Foundation (KID) comprised of investors from Turkey will be in Rwanda for a four-day business Trip to identify potential areas for investment. The Delegation will be led by Hakan Cinar the Chairman of KİD. The delegation has established companies in Turkey are looking forward to expanding their businesses in Rwanda, a move seen to strengthen the investment relations between the two countries.
The investors , who are seeing ways of developing their own facilities, are also looking at possibilities of developing partnership with local investors. During their stay, the delegation will have meetings with their Rwandan counterparts from public and private sector on business investment priorities. The areas that will be discussed will include: Energy, Metal & Mining, Legal Services, Agricultural, Manufacturing and Health Services. During their trip the Delegation will meet with the Minister of Trade and Industry of Rwanda and will also meet with the CEO's of the Rwanda Development Board (RDB) and Private Sector Federation (PSF). The Rwanda Development Board (RDB) has $400 million worth of investments from Turkey in the past three years.
In Terms of Business transactions, Rwanda is one of the largest importers of Turkish goods such as Flour, Pharmaceuticals, cleaning supplies, car parts, clothing and paper products, electric appliances and construction equipment. However, it is expected that after this visit, those imports from Turkey amounted $4.8 million in 2009 and $35 millllion in 2016 are going to increase. It is also planned that Rwanda can expand the exporting of coffee to Turkey.
Turkey trade with Africa was around $7 billion in 2005, this figure surged to $17.5 billion in 2015. Turkey trade volume with sub-Saharan Africa soared to $6.6 billion in 2015 from around $2.7 billion in 2005